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20121202
20121202
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are not willing to let rates go back up and we think they should go back to the clinton levels, the time when the american economy was doing exceptionally well, there will not be an agreement. >> you would be willing to let that happen? >> let me explain why. if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then that's a choice they're going to have to make, but they'll own the responsibility. >> but it is kind of a choice the country will have to pay for, correct? is there some pontiac for you all. you would let that happen. fine, you don't want new tax rates. we're out of this. >> what we're trying to do is to get them to come together and join us and doing something that's good for the american economy, and we recognize that's going to require spending savings, not just revenue increases on the top wealthiest 2% of americans. >> and you propose the spending side. you like to see what they want? proposals on both sides. if they want to go beyond that, they should tell us what they like to do. if they want
to let the rates go back to clinton levels. that would be a good thing to do as a sensible economic policy, and we want to combine that with tax reforms that will limit deductions. there's no surprise in this. we have been proposing this for a very long time. the president campaigned on it and i think that's where we're going to end up. and i think that's there going to be very broad support from the business community and from the american people for an agreement with roughly that shape. >> when you talked about limiting the deductions there have been proposals from governor romney during the presidential campaign, and from other republicans, when you talk about those limitations on deductions, do you include the charitable deduction and the home mortgage deduction? >> i think you're right to point out the essential problem in this, which is, if you try to limit deductions with a $25,000 cap, what you do is you end up hitting millions and millions -- actually 17 million americans -- a huge part of the revenue comes from that basic fact, which we're not prepared to do -- it complete
the first clinton budget back in 1993. while raising taxes on the wealthy is justified and necessary, it's just the first step in a long journey toward the future. one that requires not just the wealthy pay more in taxes. two strange facts in comparison to other democracies. we are taxed ranking 30th. we also have, at least on the books, one of the most progressive tax codes. in terms of the distance from the official rates, those at the top and the bottom pay. of course, what is system produced is some of the worst inequality in the world. underfunding in infrastructure. the solution to this problem in the long run and the solution to an ageing population where health care will consume a greater part of the economy is for everyone to pay more in taxes and guarantee a form of public goods. the most successful democracy is where it is structured around universe albens where everyone pays in and makes use of what the state provides. now, no leaders are making that argument. in the short run, they are right not to. getting rid of the entirety of the bush tax cuts for all brackets hurts the
at the state level. >> a very similar mistake in our analysis of the clinton years. you end up with this big charismatic candidate that seems to fill up all the space that doesn't necessarily mean that the party is drawn. >> when we come back, much more on one of the fundamental issues that has been dividing this democratic and republican party. the issue of immigration. how the gop is starting to think about shifting gears on immigration and the real pressure that president obama may feel on it. that's next. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> unof the goals that president obama thoepd accomplish in his first term was comprehensive immigration reform. here we are in the last month f the first term and it's been pushed off to next year. for the millions of people living without documentation, this is an urgent problem we cannot forget that immigration has a long and labored hist
Search Results 0 to 3 of about 4

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